CLASS RACER FORUM - View Single Post - Credit cards at the gate for entry....what is the problem ??

Dwight Southerland · 02-10-2012, 11:53 AM

I worked for years writing software for the plastic card industry - ATM cards, debit cards, security cards, pre-loaded cash cards, credit cards, etc. Federal regulations that govern the transfer of funds based on electronically initiated transactions is heavily stacked in favor of the financial institutions. It is another chapter in the history of the many GOB favors and manipulation of control that has helped create the economic mess everybody is now experiencing in our nation. Yes, the merchant pays the fees. Yes, the cost gets passed on the the consumer. Yes, it is another way for the rulers of the financial kingdom in this country to use the government kingdom to force the people to transfer the fruit of their work into their hands. It's more than paying for a convenience

Yes, this is a soap box of mine, and yes, I can get very angry about it.

02-10-2012, 11:53 AM	#5
Dwight Southerland VIP Member Join Date: Dec 2001 Location: Arkansas - In the middle of everything. Posts: 2,001 Likes: 64 Liked 780 Times in 194 Posts	Re: Credit cards at the gate for entry....what is the proble I worked for years writing software for the plastic card industry - ATM cards, debit cards, security cards, pre-loaded cash cards, credit cards, etc. Federal regulations that govern the transfer of funds based on electronically initiated transactions is heavily stacked in favor of the financial institutions. It is another chapter in the history of the many GOB favors and manipulation of control that has helped create the economic mess everybody is now experiencing in our nation. Yes, the merchant pays the fees. Yes, the cost gets passed on the the consumer. Yes, it is another way for the rulers of the financial kingdom in this country to use the government kingdom to force the people to transfer the fruit of their work into their hands. It's more than paying for a convenience Yes, this is a soap box of mine, and yes, I can get very angry about it.